Economics B A-Level
Consumer credit
What Consumer credit means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Consumer credit
Check what you remember
Read the wording for your board, then hide it and explain Consumer credit in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
Lending to individuals takes forms such as mortgages, personal loans and credit cards.
Topics that use Consumer credit
- The role of the financial sector (Pearson Edexcel A-Level)
Related terms
- Capital allocation
- Credit rating agencies
- Financial intermediation
- International trade
- Liquidity
- Medium of exchange
- Payment systems
- Saving and borrowing
Using Consumer credit in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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